Speeches of Richard Nixon - Checkers Speech
02:06:40 - 02:09:58
Vice Presidential candidate RICHARD M. NIXON continues the infamous Checkers speech, Sept. 23, 1952: "Now what I am going to do-- and this is unprecedented in the history of American politics. I am going at this time to give this television & radio audience a complete financial history; everything I've earned; everything I've spent; everything I owe." Edit. 07.06 "First of all I've had my salary as a Congressman and as a Senator. Second, I have received a total in this past 6 years of $1600 from estates which were in my law firm at the time that I severed my connection with it. I have not engaged in any legal practice & have not accepted any fees from business that came to the firm after I went into politics. I have made an average of approx $1500 a year from nonpolitical speaking engagements and lectures. And then, fortunately, we've inherited a little money. Pat sold her interest in her father's estate for $3,000 and I inherited $1500 from my grandfather. We lived rather modestly. For 4 years we lived in an apartment in Park Fairfax. The rent was $80 a month. We saved for the time that we could buy a house." C/A PAT NIXON sitting in chair, looking on. "That was what we took in. What did we do with this money? This will surprise you, because it is so little, as standards generally go, of people in public life. First of all, we've got a house in DC which cost $41,000 and on which we owe $20,000. We have a house in Whittier, California which cost $13,000 and on which we owe $3000. My folks are living there at the present time. I have just $4,000 in life insurance plus my G.I. policy which I've never been able to convert & which will run out in two years. I have no life insurance on Pat. I have no life insurance on Tricia & Julie. I own a 1950 Oldsmobile car. We have our furniture. We have no stocks & bonds of any type. We have no interest of any kind, direct or indirect, in any business. That's what we have. What do we owe? In addition to the mortgages, I owe $4,500 to the Riggs Bank in DC with interest 4 1/2 percent. I owe $3,500 to my parents & the interest on that loan which I pay regularly, because it's the part of the savings they made through the years they were working so hard, I pay regularly 4 percent. And then I have a $500 loan which I have on my life insurance."